Manufacturer of Energy Storage Hithium has announced that it will collaborate with solar PV and energy storage developer Elements Green to deliver a 720mWh Battery Energy Storage System (BESS) project.
Under the deal, Hithium supplies several units of its 5MWH Bess DC block for the construction of Elements Green’s 360 MW/720mWH Staythorpe Bess, located in Nottinghamshire, England. The construction of the site has already begun, in collaboration with G2 Energy, a company that is owned by Engineering Power Patator Mition, with elements Green who has concluded an agreement with G2 for Design and building services for the project earlier this year.
The StayTorpe Bess project, which was granted Planning permission in June last year, will be fully put into use in mid -2027. De Bess will connect to the nearby StayTorpe substation via a 400kV.
Mizhi Zhang, president of Global Business at Hithium, called the deal “proof of Hithiums relentless dedication to innovation and sustainability”, adding that the project is “a cornerstone of our strategy to lead the worldwide energy storage market and to strengthen a cleaner, more sustainably future”. Zhang also noticed: “By using our advanced Bess technology on a scale, we not only support the energy transition of the UK, but we also set a benchmark for grid weather force and renewable integration worldwide.”
Earlier this month, elements of Green Een Large financing injection thanks to the Danish investor Copenhagen Infrastructure Partners (CIP). The two companies have a platform financing agreement of € 80 million (£ 69.5 million) inked, structured via CIP’s Green Credit Fund I (CI GCF I). The funds of this agreement will be used to develop and construct elements of the Zonne -PV and Bess pipeline of elements, which are currently more than 13 GW of combined solar and bess capacity.
Last week, Elements Green revealed in a position on LinkedIn that had secured the financial closure of the StayTorpe Bess project, with a credit facility of £ 140 million that was delivered by private credit to Goldman Sachs Alternatives, for which IDCM acted as financial adviser of Elements Green. James Gates, CIO of Elements Green, said that the financing is “an important step forward for elements green and for battery storage in the UK.” He added that the partnership with Goldman Sachs Alternatives and the advisory support of IDCM “shows the confidence in our platform and our ability to deliver on a scale to deliver on a scale.”
